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Reitmans Ord Shs V.RET

Alternate Symbol(s):  RTMAF | V.RET.A | RTMNF

Reitmans (Canada) Limited is a Canada-based women's specialty apparel retailer with retail outlets throughout Canada. The principal business activity of the Company is the sale of women’s wear. The Company operates through the sale of women’s specialty apparel to consumers through its retail banners. The Company operates under three banners: Reitmans, Penningtons and RW&CO. Reitmans is a specialty fashion destination. Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-sized fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada. RW&CO. operates stores in shopping malls, as well as on their e-commerce site. RW&CO. specializes in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. The Company operates 406 stores consisting of 235 Reitmans, 91 Penningtons and 80 RW&CO.


TSXV:RET - Post by User

Post by TheCount11on Jan 10, 2024 5:47pm
136 Views
Post# 35820410

What recession?

What recession?
Nobody wants to be on a ship with a fair weather captain because storms do come.  There is no doubt the waters are really choppy in Canada and the weatherman has been calling the storm of the century for the last couple of years.  Leaky overloaded boats will capsize.  The captain of the SS Aritzia has done a great job and sees the light ahead.   Canada net revenue was $327M this quarter vs $311M last year.  Management is guiding Q4 growth between 5 and 7%. 
Inventory also decreased. 
Lots and lots of $$$$ being spent on CapEx eg $100M on boutiques.   
Profitable.
2023 NCIB expires on January 19, 2024.  The Company repurchased a total of 1,089,641 Shares for cancellation at an average price of $27.52 



Reitmans likely soft Q4 is more on management than macro.  Reitmans is more value and skews older that Aritzia.  

Where is Reitmans NCIB?  Sleepy board of directos
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